Trump Tariffs: Deadlines & Trade War Updates 2024

by Archynetys Entertainment Desk
October 13 – U.S. President Donald Trump’s tariff strategy has injected uncertainty into global financial markets, exacerbated by legal challenges to the levies and Trump’s push for bilateral trade deals.
Trump’s order on “reciprocal” tariffs for exports from 69 trading partners listing higher import duty rates of 10% to 41% kicked in on August 7, raising the average U.S. import duty to its highest in a century.

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The latest round of levies includes a 100% additional tariff on all U.S.-bound exports from China along with new export controls on “any and all critical software” by Nov. 1.
President Trump also said the United States could impose export controls on Boeing (BA.N)opens new tab plane parts in response to Chinese export limits on rare earth minerals, as Washigton revives the trade war against Beijing, nine days before existing tariff relief were set to expire.

Here is a timeline for upcoming events and dates that could have a bearing on U.S. tariff policy:

October 14

Trump’s 10% tariffsopens new tab on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture come into effect.

November 1

A 25% tariff on all imported medium and heavy-duty trucks will take effect.

An additional 100% tariff on China’s U.S.-bound exports to go into force with new export controls on critical software.

January 1, 2026

Duties will rise further to 30% for upholstered furniture and 50% for cabinets and vanities from countries without trade agreements.

Reporting by Aatreyee Dasgupta and Abhinav Parmar in Bengaluru; Editing by Maju Samuel, Pooja Desai, Arun Koyyur, Barbara Lewis and Anil D’a Silva

Our Standards: The Thomson Reuters Trust Principles.opens new tab

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